R8clubby to me on 19th June at SP$0.12 to my suggestion of lower prices "haha now i know your taking the piss you had your chance shmuck you were told last week. that chart is getting sexier and sexier by the day"
R8clubby 5days later above at SP$0.13 "was just about to sell half an wait for news f*ing hello" and "i sold today"
Although only one sample, what you're seeing signs of with this sort of amatuer posting is that there is still too much speculattive retail in the stock for it to run properly. Whether daytraders or just weak and inexperienced holders, they will sell into rallies trying to trade it. Going through back posts on the weekend I can't recall whether recent or saw it from a while back but the CEO was complaining about the high level of retail holders in this that aren't going to support the stock.
i also suspect that this last week of June is holding it up for tax reasons. Stuck investors in sudden unexpected profits may hold off taking profits until next weeks new financial year. Sellers drying up is therefore giving support along with news flow. There nevertheless may also be some selling this week for tax loss given the higher levels this has been. Let's see where it settles.
I'm looking for a drop next week and frankly the stock needs it. Will eventually allow some longer term holders to buy in.
I'll also note its funny how excited people seem over $160,000 revenue. It really expresses how dire a position this business has been in and the continuing risks around China such as getting paid and getting funds out.
Still its good news, but happy to wait for my lower prices before considering a position.
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